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Kerry Group plans to double size in 5 years
IRELAND'S LARGEST food company, Kerry Group, will double in size
over the next five to six years, its new chief executive Stan
McCarthy promised yesterday as he announced a 35 per cent increase
in pre-tax profits for 2007. p
United Drug says time needed to assess HSE cuts
PHARMACY AND medical care distributor United Drug yesterday said it was too early to say how Health Service Executive plans to cut wholesale prices paid to pharmacists would hit its business. p
Xtra-vision held talks with Tesco on disposing of stores
FILM RENTAL group Xtra-vision is believed to have held discussions with retail giant Tesco about offloading a large number of its 200 sites around the country to the multiple for use as small supermarkets or convenience stores. p
Other Stories
New kid on Kerry block makes waves
Under Stan McCarthy, Kerry Group seems unworried by currency weakness and market turmoil, writes LAURA SLATTERY pEconomy to pick up next year, says Davy report
THE ECONOMIC slowdown will be limited to 2008 as the economy rebounds between 2009 and 2011, and outperforms the euro-zone area with annual growth rates of 3½-4 per cent, according to a new forecast from Davy Research. pFour commercial local radio stations put up for sale by owners
FOUR COMMERCIAL local radio stations have been put up for sale by their owners. pFamily-owned firms less productive
A NEW analysis of business in the Republic has found a yawning gap between the productivity levels of family-owned firms and that of their non-family-owned counterparts. pFive former insurance executives guilty of fraud
A JURY in the US has convicted five former insurance executives of fraud charges in relation to an illegal scheme to manipulate the finances of insurance giant AIG with a "sham" reinsurance deal routed through Cologne Re, an IFSC firm owned by Warren Buffett's Berkshire Hathaway group. pRotary Group bought for more than €100m
A NORTHERN-BASED, engineering services firm has been acquired by an Australian company in a deal estimated to be worth more than £100 million. pGerman authorities to tell Revenue of evaders
GERMAN PROSECUTORS have said they will provide the Revenue Commissioners in Dublin and other tax authorities worldwide with any names of alleged tax evaders in their respective jurisdictions - at no charge. pPremier Group offers £45m for UK recruiter Imprint
RECRUITMENT FIRM Premier Group has made a tentative approach to buy UK recruiter Imprint, which is already the subject of a takeover battle, for £45.2 million (€60 million) in an all cash deal. pTakeover Panel proposes changes to scheme rules
THE IRISH Takeover Panel has proposed a series of changes to the rules governing schemes of arrangement in light of the protracted and inconclusive takeover battle for Irish Continental Group, the ferry operator. pNational Grid vows to fight £42m fine
LONDON BRIEFING: BRITAIN'S ENERGY watchdog is baring its teeth. Just days after launching a probe into gas and electricity suppliers, Ofgem slapped a near £42 million fine on National Grid, accusing it of restricting competition in the domestic gas meter market, writes Fiona Walsh . pBroadband penetration still poor
BROADBAND PENETRATION in the Republic remained amongst the poorest in Europe during 2007, according to a twice-yearly scorecard published by a European broadband watchdog. pReports spur investors as leading stocks make ground
DUBLIN REPORT: THE IRISH market outperformed its peers yesterday as leading stocks made plenty of ground on a day when investors, spurred on by some positive reports, decided Ireland represents a good bet. pIn short
A roundup of today's other stories in brief p
